Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
InnovArts from Hasselt, company number BE0824627880, closed financial year 2026 with a result of € 3.5 million after tax. For that financial year InnovArts recorded a gross margin of € 74,593 and equity of € 4.9 million. Compared with financial year 2025, the result moved from € 422,395 to € 3.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2026.
€ 4.9 million
▲ 135% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▲ € 3.1 million vs 2025
Profit after tax over the fiscal year.
€ 175,508
▲ € 145,673 vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 678,000 paid out
19 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
€ 90,591
▼ 33% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 816,636
▲ € 720,748 vs 2025
€ 59,626 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 3,152
▲ 23% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 64,514
▲ 288% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 114,447 | € 171,643 | € 232,630 | € 74,593 | ▼ 68% |
| Profit after taxes | € 248,240 | € 313,422 | € 422,395 | € 3,488,751 | ▲ € 3.1 million |
| Equity | € 1,354,679 | € 1,666,401 | € 2,088,796 | € 4,899,547 | ▲ 135% |
| Total debts | € 270,676 | € 183,773 | € 345,757 | € 1,386,402 | ▲ € 1 million |
| Cash | € 57,749 | € 37,039 | € 29,835 | € 175,508 | ▲ € 145,673 |
| Land & buildings | € 130,097 | € 130,097 | € 130,097 | € 1,917,608 | ▲ € 1.8 million |
| Retained profit | € 1,336,079 | € 1,647,801 | € 2,070,196 | € 4,880,947 | ▲ 136% |
| Dividend | € 1,600 | € 1,700 | € 0 | € 678,000 | |
| Bank debt | € 16,412 | € 0 | € 95,888 | € 816,636 | ▲ € 720,748 |
| Balance sheet total | € 1,625,355 | € 1,850,173 | € 2,434,553 | € 6,285,948 | ▲ 158% |
| Employees (FTE) | 1 | 1 | - | - |
Key figures of InnovArts, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to InnovArts?
What happened at InnovArts in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 3.5 million (▲ € 3.1 million vs 2025). Source: NBB ↗
- New establishment in Hasselt. KBO
- Evelyne HALSBERGHE became a director. NBB
- Christian DESMET became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 248,240 profit in 2023 to € 3.5 million profit in 2026.
Paid € 200,982 in corporate taxes since 2023.
Best year ever: 2026, with € 3.5 million profit.
On average € 171,600 of value added per employee in 2024.
Management
Behind InnovArts are Evelyne HALSBERGHE and Christian DESMET.
Directors
According to the 2026 annual accounts
Evelyne HALSBERGHE
Andere functie
since 2010
Christian DESMET
Andere functie
since 2010
Establishments
Establishment units
Physical locations of this company
Berkenlaan 28
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0824.627.880
- VAT number
- BE 0824.627.880
- Registered office
- Berkenlaan 28, 3500 Hasselt
- Names & denominations
- InnovArts
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2010
- Peppol
- Active · Active since 1 Jul 2025
- Activities · NACE
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